AMN Healthcare Services Inc (NYSE:AMN) Shares Acquired by Tributary Capital Management LLC

Tributary Capital Management LLC lifted its stake in AMN Healthcare Services Inc (NYSE:AMN - Free Report) by 49.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 490,524 shares of the company's stock after purchasing an additional 162,439 shares during the period. Tributary Capital Management LLC owned approximately 1.28% of AMN Healthcare Services worth $11,998,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in AMN. Newtyn Management LLC acquired a new stake in shares of AMN Healthcare Services in the fourth quarter valued at about $28,417,000. Voloridge Investment Management LLC acquired a new stake in shares of AMN Healthcare Services in the fourth quarter valued at about $12,685,000. Two Sigma Investments LP increased its holdings in AMN Healthcare Services by 228.8% during the 4th quarter. Two Sigma Investments LP now owns 532,694 shares of the company's stock valued at $12,742,000 after acquiring an additional 370,691 shares in the last quarter. Invenomic Capital Management LP increased its holdings in AMN Healthcare Services by 406.3% during the 4th quarter. Invenomic Capital Management LP now owns 401,807 shares of the company's stock valued at $9,611,000 after acquiring an additional 322,445 shares in the last quarter. Finally, Millennium Management LLC increased its holdings in AMN Healthcare Services by 134.4% during the 4th quarter. Millennium Management LLC now owns 462,186 shares of the company's stock valued at $11,055,000 after acquiring an additional 265,011 shares in the last quarter. Institutional investors and hedge funds own 99.23% of the company's stock.

Analyst Ratings Changes

Several equities analysts have weighed in on AMN shares. Truist Financial dropped their target price on shares of AMN Healthcare Services from $40.00 to $25.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. Wall Street Zen upgraded shares of AMN Healthcare Services from a "sell" rating to a "hold" rating in a report on Tuesday, March 25th. Finally, UBS Group dropped their target price on shares of AMN Healthcare Services from $30.00 to $25.50 and set a "neutral" rating for the company in a report on Tuesday, May 13th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $32.08.

AMN Healthcare Services Trading Down 2.5%

Shares of NYSE AMN traded down $0.51 during midday trading on Friday, reaching $19.83. 1,263,181 shares of the stock were exchanged, compared to its average volume of 896,404. The company has a market capitalization of $759.09 million, a P/E ratio of -4.58 and a beta of 0.18. AMN Healthcare Services Inc has a 52-week low of $17.45 and a 52-week high of $70.07. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.39. The stock has a 50 day moving average price of $21.46 and a 200-day moving average price of $22.98.

AMN Healthcare Services (NYSE:AMN - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.45 EPS for the quarter, topping analysts' consensus estimates of $0.19 by $0.26. The business had revenue of $689.53 million during the quarter, compared to the consensus estimate of $670.08 million. AMN Healthcare Services had a negative net margin of 5.80% and a positive return on equity of 13.39%. The company's quarterly revenue was down 16.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.97 earnings per share. Equities research analysts expect that AMN Healthcare Services Inc will post 1.33 earnings per share for the current fiscal year.

About AMN Healthcare Services

AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services to healthcare facilities in the United States. It operates through three segments: Nurse and Allied Solutions, Physician and Leadership Solutions, and Technology and Workforce Solutions. The Nurse and Allied Solutions segment offers travel nurse staffing, labor disruption staffing, local staffing, international nurse and allied permanent placement, and allied staffing solutions.